Innovex International (INVX) Gross Margin (2009 - 2026)
Innovex International (INVX) reported Gross Margin of 35.35% for Q1 2026, up 353.0% on a YoY basis from 7.8% in Q1 2025, and up 22.27% quarter-over-quarter from 28.92% in Q4 2025.
Innovex International (INVX) Gross Margin (2009 - 2026) Analysis & Trends
Innovex International has reported Gross Margin for 18 years, with the latest figure at 35.35% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 353.0% year-over-year to 35.35%; the trailing twelve-month figure through Mar 2026 stood at 31.87% (down 177.0% YoY), and the FY2025 full-year result was 31.0%, down 420.0% from the prior year.
- Gross Margin for Q1 2026 stood at 35.35%, up from 28.92% in the prior quarter.
- The five-year high for Gross Margin was 45.67% in Q4 2022, with the low at 23.02% in Q1 2022.
- Historically, Gross Margin has averaged 32.28% across 5 years, with a median of 31.98% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin soared 11115 bps — and 2023, when it sank 930 bps.
- Innovex International's Gross Margin stood at 45.67% in 2022, then retreated by 20 bps to 36.38% in 2023, then decreased by 7 bps to 33.85% in 2024, then declined by 15 bps to 28.92% in 2025, then increased by 22 bps to 35.35% in 2026.
- The last three Gross Margin figures came in at 35.35% (Q1 2026), 28.92% (Q4 2025), and 31.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 83.64 Bn | 81.43 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 63.03 Bn | 48.45 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 33.15 Bn | 31.20 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 27.40 Bn | 26.13 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.81 Bn | 8.75 Bn | - | - |
| 6 | Nov | 7.52 Bn | 6.24 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 7.29 Bn | 6.24 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 6.12 Bn | 6.11 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.77 Bn | 5.68 Bn | 222.88 Mn | 64.46% |
| 10 | Innovex International | 1.97 Bn | 1.77 Bn | 84.51 Mn | 35.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.35% |
| Dec 31, 2025 | 28.92% |
| Sep 30, 2025 | 31.64% |
| Jun 30, 2025 | 31.98% |
| Mar 31, 2025 | 31.82% |
| Dec 31, 2024 | 33.85% |
| Sep 30, 2024 | 34.70% |
| Jun 30, 2024 | 35.30% |
| Mar 31, 2024 | 38.35% |
| Dec 31, 2023 | 36.38% |
| Sep 30, 2023 | 35.88% |
| Jun 30, 2023 | 26.67% |
| Mar 31, 2023 | 27.91% |
| Dec 31, 2022 | 45.67% |
| Sep 30, 2022 | 25.45% |
| Jun 30, 2022 | 25.87% |
| Mar 31, 2022 | 23.02% |
| Dec 31, 2021 | -65.48% |
| Sep 30, 2021 | 14.14% |
| Jun 30, 2021 | 16.15% |